Don't try to buy at the bottom and sell at the top. It can't be done except by liars.

Every man has a right to be wrong in his opinions. But no man has a right to be wrong about his facts.

I made my money by selling too soon.

I never lost money by turning a profit.

If you get all the facts, your judgment can be right. If you don't get all the facts, it can't be right.

In the last analysis, our only freedom is the freedom to discipline ourselves.

The main purpose of the stock market is to make fools of as many men as possible.

We can't cross that bridge until we come to it, but I always like to lay down a pontoon ahead of time.

We did not all come over on the same ship, but we are all in the same boat.

Age is only a number, a cipher for the records. A man can't retire his experience. He must use it.

I am a speculator. The word comes from the Latin speculari, which means "observe." I observe.

"Most of the successful people I've known are the ones who do more listening than talking."

"Whatever failures I have known, whatever errors I have committed, whatever follies I have witnessed in private and public life have been the consequence of action without thought."

"During my eighty-seven years I have witnessed a whole succession of technological revolutions. But none of them has done away with the need for character in the individual or the ability to think."

"One of the secrets of a long and fruitful life is to forgive everybody everything everynight before you go to bed."

"When good news about the market hits the front page of the New York Times, sell."

"Never follow the crowd."

"Never pay the slightest attention to what a company president ever says about his stock."

"If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he is wrong."

"If the history of the past fifty years teaches us anything, it is that peace does not follow disarmament - disarmament follows peace."